Advertisements
Home » Meikles restructures debt

Meikles restructures debt

0 comments

MEIKLES Limited (Meikles) says it is restructuring its debt to reduce high interest rates that have been eroding its profits. The group’s borrowings stood at $21,1 million as at July 31, 2018. “Negotiations are in progress with a banking institution to convert present short term borrowings to medium term loans,” John Moxon, the group’s chairman,…

Subscribe to read full article. Subscribe today
Advertisements

Related Posts

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More